In November 2022, dappOS was selected for Binance Labs' fifth incubation program aimed at shaping the future of the Web3 industry, standing out from over 900 projects. It subsequently received pre-seed financing from Binance Labs.
dappOS completes seed round financing with a valuation of $50 million, led by IDG Capital and Sequoia China, with participation from OKX Ventures, HashKey Capital, KuCoin Ventures, TronDao, Gate Labs, Taihill Ventures, Symbolic Capital, Foresight Ventures, BlueRun Ventures, Mirana Ventures, Leland Ventures, and others.
Recently, OKX Ventures, the investment department of the world's second-largest cryptocurrency exchange by trading volume, OKX, announced a strategic partnership with dappOS.
In just over half a year, dappOS has attracted several top-tier VCs from the crypto space, including Sequoia Capital, and has gained favor from the funds of Binance and OKX, the two largest cryptocurrency exchanges in the world. What is the allure of the dappOS Web3 operating protocol? Let's explore it in this article.
dappOS builds the new infrastructure for the Web3 world.
dappOS is committed to building a complete Web3 intent layer to help users simplify operations and achieve institutional-level execution efficiency. The three core elements of the Web3 intent layer are: operations, assets, and transactions. Previously, dappOS has launched the Intent Operating System (IntentOS) and Intent Asset, realizing the intentification of operations and assets. Based on these technological accumulations, dappOS now launches spot trading based on intents, further helping users achieve transaction intentification and perfecting the key components of the dappOS intent layer ecosystem.
The current market is in a frenzy of new assets and MEMEs, with a strong on-chain trading demand from users. However, many existing on-chain exchanges struggle to provide users with sufficient liquidity, slower execution speeds, and higher fees. These issues severely impact user experience. The core reason for these problems is that the trading liquidity of an asset is often dispersed across various exchanges, preventing users from enjoying the liquidity of that asset in one exchange.
The core design innovation of intentEX launched by dappOS is to additionally delegate users' limit orders as an intent task to be executed by nodes in the dappOS intent execution network, based on traditional order book exchanges, allowing nodes to complete transactions on any chain. This design not only fully leverages the trading liquidity advantages of professional institutions, allowing tokens in intentEX to have better liquidity than all CEXs and DEXs, but also provides users with faster transaction speeds and lower execution fees.
The core advantages of intentEX are as follows:
1. Institutional-level market-wide liquidity:
Professional service nodes can observe and match user orders in real-time across the entire market of CEXs and DEXs, leveraging high-quality on-chain and off-chain liquidity to achieve institutional-level liquidity capture capabilities, allowing user orders to quickly access the best price sources, improving transaction rates and trading execution speeds, and enjoying market-wide liquidity.
The unique OMS mechanism reduces the comprehensive operating costs of nodes, making system operation more efficient, allowing nodes to take on tasks without occupying funds and incurring order-snatching costs.
2. Fast execution speed:
Utilizing liquidity across the entire platform, by rapidly matching market prices, providing faster transaction speeds than conventional on-chain trading, typically allowing for signature confirmation within 500 milliseconds after user signing, surpassing public chain block speeds and significantly reducing transaction waiting times.
The trading speed superior to public chains brings a convenience akin to centralized exchanges.
3. Low transaction fees: Relying on a professional service node network, transaction fees are optimized to as low as 0.1%, far below the rates of most on-chain exchanges, making it a more economical choice for users' on-chain trading.
4. Decentralization and Transparency: All transactions are publicly recorded on-chain, ensuring transparency and credibility, while the decentralized mechanism ensures reliable order execution. Even if individual service nodes fail, other nodes can seamlessly connect to ensure transaction success, providing a stable trading experience without single point dependencies.
To allow users to better experience the advantages of Web3, dappOS has partnered with Binance's Web3 wallet to launch an exciting task event—split a $300,000 token pool! By participating in this event, users can not only easily receive generous rewards but also gain in-depth understanding of dappOS's innovative technology, particularly its unique intent network. In this article, we will detail the core functions of the dappOS intent network and guide you on how to earn rewards by participating in tasks.
How to participate in the $300,000 token distribution event.
To allow more users to experience the powerful features of dappOS, dappOS has jointly launched a $300,000 token distribution activity with Binance's Web3 wallet. The participation method is very simple; users only need to complete a series of tasks to receive token rewards. The task content includes:
Access Binance's Web3 wallet: Enter Binance's Web3 wallet to the dappOS platform.
Use the dappOS platform for task operations: initiate transactions, browse assets, use dappOS's intent operating system, etc.
After completing tasks, users will receive corresponding token rewards based on their completion status and have the opportunity to win shares in the high-value reward pool.
Summary
The dappOS intent network provides innovative solutions for the Web3 world, transforming user operations into efficient, low-cost intent tasks to enhance the user experience of decentralized applications. The collaboration with Binance's Web3 wallet offers users generous rewards while allowing them to deeply understand the intent network.